EU: Hungary to revise Russia blocked nuclear deal

Hungary expects to wrap up talks with the European Union soon about a fuel supply deal for the country’s Paks nuclear plant, the government said Friday, adding that the EU’s concerns do not block a planned expansion of the facility.

Hungary last year granted Russia’s Rosatom a project to build two nuclear power blocks of 1,200 megawatts each at its Paks power plant, financed partly by a favorably priced Russian loan worth 10 billion euros.

The deal drew criticism that Hungary was pulling closer to Russia at a time when the EU was putting pressure on Moscow to defuse a deepening conflict with Ukraine.

The government said the Euratom Supply Agency had sought changes to the Paks supply deal, asking that players other than Russians be allowed to ship fuel to the plant in the future.

“Ongoing talks about addressing these observations, however, do not block the project,” the Prime Minister’s Office said in a statement, adding that other contracts on the construction of the plant remained unaffected.

“Our expectation is that, following intensive negotiations, the fuel supply contract will be finalized in line with Euratom requirements in a matter of weeks,” the statement said.

Full Content: The Wall Street Journal

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